




The commerce and industry minister also noted that the country was hoping to become the third largest economy within the next three years
The EU last year approved the world's first plan to impose tariffs on imports of high-carbon goods including steel, cement and aluminium, aiming to reach net-zero greenhouse emissions by 2050
Commerce Minister Piyush Goyal mourned Ratan Tata, calling him a visionary and true nationalist. He praised Tata's leadership, global impact, and philanthropic contributions, highlighting the Padma Bhushan and Padma Vibhushan awards.
At present, direct equity investments from the UAE stand just under $20 billion, with nearly $3 billion invested in the last fiscal itself
Food processing units and food parks to cater to demand from middle East
India wants the FTA, which is being reviewed, to address its concerns regarding trade imbalance
Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars
Employment generation is expected to be at 1.2 million from 0.95 million jobs created at present, the minister said
The first such office of Invest India -- the national agency to promote investments into the country -- was inaugurated by the minister in Singapore.
Union Minister of Commerce & Industry Piyush Goyal also alleged that the state government is neglecting Tumakuru township.
The faster we adopt it to improve the outcome of our work, the better we will do, the minister added
The digital platform brings an important concept of bringing everyone to one platform, and “will bring hope, aspirations, success to kickstart an ambitious revolution, Goyal said
The meeting focused on fostering employment, promoting exports, and enhancing ease of doing business at the state level.
The Trade Connect ePlatform is developed in collaboration with the Ministry of MSME, EXIM Bank, TCS, Department of Financial Services (DFS), and the Ministry of External Affairs (MEA).
While exports grew by 15 percent in the rupee terms between 2021-22 and 2023-24, the outstanding credit in March 2024 dropped by 5 percent over the same month in 2022, according to exporters.
The minister also called for a working group on tourism to boost tourism, identifying Make-in-India initiatives, digitisation and tourism as key drivers of growth for India
Goyal urged the states to change their mindset, reduce compliance burden and decriminalise laws, and provide real red carpet to attract these investments.
The minister asked the industry what can be done to curb 'irrational' imports and said that DGTR has initiated an inquiry into the rise in imports from Vietnam.
The valuation of the India Stack has now grown many times over compared to what it was just four years ago, Commerce Minister Piyush Goyal said.
Just last month, Goyal had come down heavily on domestic industry for their lack of ideas and initiatives on a range of policies, including ease of doing business and Make in India.